Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

How To Make A Living Trading Forex Using Your Psychology – Show Notes In episode 123 of the Desire To Trade Podcast, I am going to share with you the knowledge how to become more successful. This is the small part trading psychology mastering program. I hope you enjoy! Topics Covered In This Episode Psychology coaching session with Mandi Pour Rafsendjani, a trading psychology expert 1:00 What is necessary to be able to trade full time and make a living trading 02:25 Learn a few pieces of advice when you should start trading in terms of psychology 08:00 Trading plan restricts the freedom but it is the only way to succeed 10:20 Remember four components to success 13:30 How did Mandi decide to make a trading plan 18:25 Look at your life and what your preferences are and translate that into your trading 26:15 Mandi believes that how you do one thing you do everything 28:30 It is important to have a plan that you can follow over time 33 :05 There are four major behavioral patterns that influence your trading plan 34:00 One thing people could do to take the first step to be the better traders 36:00 DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

From Restaurant Worker To Full-Time Stocks Trader – Show Notes In episode 122 of the Desire To Trade Podcast, I interview Jason Leavitt, a trader and founder of LeavittBrothers. He came on the podcast to share about his progression from restaurant worker to full-time stocks trader and what helped him succeed. Topics Covered In This Episode What Jason is up to these days 1:30 How Jason Leavitt transitioned from part-time to full-time trading 2:00 The moment Jason saw he could go trading full-time 4:30 How Jason managed the first-month of full-time training 6:00 The BIG change to make before going to trade full-time (awesome example of self-awareness) 6:57 Powerful questions to ask yourself throughout the trading day 12:15 How working in a restaurant fits with trading 14:00 How Jason Leavitt kept track of his progression & best trade setups 15:09 How to manage multiple styles of trading & succeed 16:00 The #1 difference between short-term and long-term trading 18:21 How Jason Leavitt's trading style adapted over time 19:13 What motivated Jason to create his website 20:30 The work behind his website 22:20 How looking at the market helps Jason trade better 23:30 The 3 bullets required to succeed in full-time trading 24:34 How to know when the market changes 29:08 More About Jason Leavitt Jason Leavitt is the founder of LeavittBrothers, an advisory service for self-directed traders, and PLcharts.com, a web-based tool that enables option traders to draw profit/loss diagrams. He started trading in 1999 and went full time in 2002. He's traded stocks, options, and futures in several bull and bear markets and primarily uses technical analysis to analyze the market. Originally from Chicago, Leavitt has also lived in Austin, TX, New York, Boston, Denver and now lives in Costa Rica. Resources Mentioned Book: Stan Weinstein's Secrets For Profiting in Bull and Bear Markets DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Jason Leavitt? Website Twitter: @jasonleavitt Twitter: @leavittbrothers Email What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

The Life Of A Full-Time Forex Swing Trader – Show Notes In episode 121 of the Desire To Trade Podcast, I interview Hardianto Sunoto, a Forex trader from Jakarta (Indonesia). He came on the podcast to share about his life as a full-time Forex swing trader, his style of trading, and the techniques he uses to manage your trades successfully. Topics Covered In This Episode What's going on in Hardianto's life 1:46 How Hardianto got involved in trading 2:05 Using Elliott Waves to swing trade Forex & the learning process 3:36 What Hardianto does on daily basis 5:40 What separates Hardianto Sunoto from other swing traders 7:15 How Hardianto validated his trading methodology 8:20 Hardianto Sunoto's thoughts on jumping to live trading right away 9:22 Top habits to apply consistently as a Forex trader 10:46 The power of looking at the charts frequently 12:12 How to get back on track when trading goes bad 13:04 Why Hardianto started a Forex copier service 14:35 The type returns Hardianto gets in trading & having proper expectations 17:15 What you need to start a Forex trade copier service 19:12 How to manage your trades successfully (2 techniques) 20:15 More About Hardianto Sunoto Hardi is based in Indonesia and is happily married with 2 beautiful children. He graduated with a bachelor degree in Chemical Engineering. He started trading the stock market in 2009 after subprime mortgage crisis. In 2011, he was introduced to the forex market and immediately fell in love with it. He is currently a full-time trader and has been trading profitably for the last 5 years. His analysis of the market is technical, with Elliott Wave Theory, Fibonacci, and Classical Chart Patterns as his favorite tools. Resources Mentioned Hardianto Sunoto's trading performance DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Hardianto Sunoto? Website Twitter Facebook What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

From "Stuck In Life" To Profitable Forex Trader – Show Notes In episode 120 of the Desire To Trade Podcast, I interview Karen Foo, a Forex trader, motivational speaker, and author. After ranking #1 in a Singapore nationwide Forex trading competition, she came on the podcast to share the lessons she learned prior to becoming a profitable Forex Trader. Topics Covered In This Episode How to manage speaking, trading and building a business 3:00 How Karen got involved in trading while doing an engineering internship 4:20 The kind of work Karen needed to put in to trade successfully 7:00 The lessons Karen Foo learned before becoming profitable 8:20 What Karen tells people who want to make a lot of money trading 10:05 Karen's preferred trading style and how to find your style 11:55 How Karen manages multiple timeframes 13:05 What a day look like in the life of Karen Foo 13:35 Nick asks: Exercises to work on your trading psychology 15:13 The role of discretion in Karen's trading 17:10 When in the day does Karen trades 17:45 What Karen is still working on (continuous improvement example) 18:20 How to improve yourself every day 19:30 Mary asks: What it takes to become a highly skilled trader 20:30 Karen's journaling process and its importance 22:18 What Karen's trading plan look like 23:18 Why patience leads to consistency & how to make it happen 25:20 More About Karen Foo Karen is actively involved in speaking at various conferences, seminars, expos, workshops, toastmaster clubs and publicly-held events in Singapore and Malaysia. Having overcome numerous setbacks in her life, she has gone on to inspire thousands of youths working executives and leaders of various companies to REALIZE THEIR ABSOLUTE WILDEST DREAMS through her INTERACTIVE, INSPIRING AND ENGAGING TALKS. Being labeled as the "quietest student and underachiever" throughout her life, she went on to win numerous awards in public speaking contests, scholarships and hosting large-scale events as an emcee. She was then featured in various print media for her academic achievements. She has also been invited to speak at an international conference to leaders from Brunei, China, Hong Kong, Laos, Malaysia, Vietnam, Indonesia, Myanmar, and Singapore. Karen has been ranked #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, and SMU. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She has shared the stage with top investment gurus and CEOs at an international expo held at Marina Bay Sands. She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to the National level contests. DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Karen Foo? Website Facebook Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Secrets Of A Professional Forex & Stocks Trader – Show Notes In episode 119 of the Desire To Trade Podcast, I re-interview Steve Patterson, one of the top proprietary traders based in Toronto, Canada. As someone trading the markets for over 37 years, he came on the podcast sharing his secrets & techniques as a professional Forex & stocks trader. Watch the video interview! I previously had the chance to discuss with Steve in episode 108 of the Desire To Trade Podcast. He is someone aspiring professional traders can learn a lot from and I always feel great after discussing with Steve. There are several "gems" in this interview! Topics Covered In This Episode What Steve Patterson trades (i.e. trading style and career) 2:10 Pre and post-trading routines 4:30 The books Steve recommends trader to read 8:05 How to feel like a professional trader (hint: you shouldn't) 10:05 Mixing discretionary and systematic trading 12:35 Indicators traders can profitably use in the market 13:30 How to create a winning trading strategy 20:20 How Steve trades on a typical day 24:00 How do you know what you trade will work on different assets 28:00 How do you get a feel for the market (exercise) 33:10 How to distinguish a great market from a messy market 42:00 How to place a stop loss profitably in the market 46:40 The expectations you should have when you start trading 49:40 How Steve would treat trading with a small account 56:20 The role of confidence in trading 1:01:00 How to make 10%/month as a swing trader 1:11:40 More About Steve Patterson Steve Patterson has experience working in the world's largest firms, prop firms, stockbroker and floor trader. During his work life, he has seen 3 market crashes and multiple Bull and Bear market cycles. He knows everything about how to master the markets and trade profitably through all environments and the secrets of a professional Forex, Stocks Trader, which makes him a very interesting guest. Resources Mentioned Exclusive Coaching with Steve Patterson: Steve is offering a special program for Desire To Trade fans. This is an opportunity you don't want to miss! Make sure to select the "Desire To Trade" option for a free call with Steve! DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Steve Patterson? Website Facebook Twitter Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Going From Part-Time To Full-Time Trading – Show Notes In episode 118 of the Desire To Trade Podcast, I interview day & swing trader Paul Singh. He came on the podcast specifically to discuss his transition from part-time to full-time trading. Over the years, Paul has developed the skills required to trade in multiple markets. In addition to swing & day trading, he has entered markets including options, futures, and stocks. Topics Covered In This Episode An awesome quote on fear & worry 2:00 How Paul turned $5,000 to $200,000 trading in law school 3:20 "Lightbulb moments" in Paul Singh's trading career 7:04 What it takes to go from part-time to full-time trading 14:30 A big pitfall to avoid as an aspiring part-time trader 26:28 How Paul Singh got successful in multiple trading styles 27:40 Two big keys to trading success 34:20 Share-a-trade (Paul shares his trading methodology) 35:38 Top routines for part-time and full-time traders 40:10 Paul's post-trading routines 46:10 More About Paul Singh Paul has been trading since the late 90s internet boom. After blowing up 2 accounts after a 200k run up during the boom, he got serious around the mid-2000s. After completing six years of serious part-time trading around a job, Paul transitioned to full-time trading and has been a full-time trader since 2012. In 2014, he was approached by his former student Kunal Desai (interview here) to run the swing trading service at BullsonWallstreet. Paul continues to personally mentor select traders. Video Interview Watch on Youtube Resources Mentioned Kunal Desai's interview on the Desire To Trade Podcast Start your training with BullsOnWallStreet & get a complimentary access to the Desire To TRADE Academy! DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Paul Singh? Paul J. Singh BullsOnWallStreet - Swing Trading Facebook Twitter Youtube Instagram What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Forex Reversal Trader Habits, Mindset & Strategies – Show Notes In episode 117 of the Desire To Trade Podcast, I interview Dale Pinkert, a Forex trader & host/mediator at Forex Analytix Community Experience (F.A.C.E.). He came on the podcast to share his story as a Forex reversal trader. We jump into habits, mindset, and strategies that are essential to succeed in the Forex market. Topics Covered In This Episode The power of "social trading" and how you can use it to trade better 5:45 A powerful way to trade (knowing how to take the losses) 8:10 A piece of advice on not following too many instruments 11:20 How Dale Pinkert started to trade 11:40 How Dale learned trading 13:40 Wisdom on partial profits & stop losses 16:45 How Dale uses the RSI to trade 19:45 How to incorporate multiple time frames into your trading 22:45 How Dale develop his trading strategy (who taught him) 23:50 Some trading strategy ideas 26:00 How Dale plans his trades on the weekend 30:00 Morning routine (including waking up at 3:30am) 31:05 One thing Dale Pinkert still struggles with & how he solves it 32:30 How Dale confirmed his edge in the market (without backtesting) 37:00 Can you trade for a living with $10k? 40:20 What Dale thinks of "educators that don't trade" 41:40 The #1 tactic to remain consistent over a long period of time 45:00 More About Dale Pinkert Dale began his career in operations on the CME floor for Dean Witter when they traded currency futures on chalkboards. He became a licensed Series 3 broker in 1976 and went on to own and operate Pinkert Commodities GIB. He became a Member of the CME (IOM) Division for a stint and his forecasts have been aired on many Financial media including CNBC. Dale has Coached/Mentored retail and prop traders and has gained a solid reputation for his work on the other side of the mic having interviewed over 700 of the best of the best in Trading. DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Dale Pinkert? ForexAnalytix LinkedIn Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

50 Years Of Experience On What Highly Successful Traders Do – Show Notes In episode 116 of the Desire To Trade Podcast, I interview Barry Burns, a trader, and educator. He came on the podcast to talk about his 50 years of experience on what highly successful traders do. More About Barry Burns Dr. Barry Burns started his study of the markets under the direction of his late father, Patrick F. Burns, who accumulated 70 years of trading experience in his lifetime. Barry is also the author of the book Trend Trading For Dummies published by Wiley. He has been seminar presenter for several exchanges including the CME Group and Eurex, & founded Top Dog Trading, to help students shorten their learning curves in becoming traders. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! "Listen to more Desire to trade podcasts" - Barry Burns. * Big thank you to Barry for saying this :) What's Covered In This Episode The difference between successful and unsuccessful people 1:30 Barry Burns' trading style with 7 monitors 3:40 How Barry started to trade with his father 50 years ago 5:54 A powerful method to understand what happens in the market 10:15 The lessons Barry learned early on that can be applied today 11:25 The transition to trading with computers 12:40 The process of getting feedback on your trading 16:00 The uncommon things most traders do wrong 19:15 Trade setups & strategies Barry Burns relies on 20:43 How many trades Barry takes in a day by trading 3 hours/day 31:40 How Barry Burns manages life & day trading (time management advice) 38:10 Trading the open vs. trading later during the day 41:44 What highly successful traders are willing to do others don't (POWERFUL ADVICE) 45:20 Resources Mentioned TopDog Trading Youtube channel Barry's 5-Day Video Trading Course [FREE] DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Barry Burns? Top Dog Trading LinkedIn Twitter Facebook Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

$2,000 Days As A Stocks Day Trader After Getting Fired – Show Notes In episode 115 of the Desire To Trade Podcast, I interview Andrew Aziz, a stocks day trader based in Vancouver, Canada. Andrew is the author of the amazing book How To Day Trade For A Living. This is probably one of my favorite story shared on the podcast so far. After all, Andrew got very serious about day trading after getting fired from his job as a research scientist. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Covered In This Episode... "Every day I wake up at 4:30 a.m. but it doesn't bother me. It's my passion." - Andrew Aziz Andrew Aziz's favorite quote about passion 2:10 The daily routine of a stocks day trader on the West Coast 3:30 How Andrew reacted to receiving an employment termination letter 6:30 The learning process Andrew went through 8:44 The #1 thing Andrew had to learn to succeed in day trading 10:26 The reason why Andrew jumped into day trading 12:25 The step-by-step guide for those wanting to day trade 14:45 Andrew's top trading strategy: he guides us through a recent trade 17:55 How Andrew manages to day trade only 1hr/day 20:35 How traders can use video journals for their trading 22:55 Daily habits most traders tend to overlook 25:00 What Andrew does when he doesn't feel in the right state to trade 28:30 Powerful advice applicable to any trader 29:42 Listener's question: the best timeframe for day trading 30:20 What your job is as a stocks day trader & common mistakes 32:05 Resources Mentioned Andrew Aziz's daily trade review videos Book: How To Day Trade For A Living (recommended!) DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Andrew Aziz? Bear Bull Traders Email What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

5 Big Forex Trading Lessons On Trading Success – Show Notes In episode 114 of the Desire To Trade Podcast, I go solo to share 5 trading lessons I learned while hosting the podcast in the last 2+ years. After all the guests interviewed, I felt it was time to reflect a little and point out thing that you can take action on. Watch the video on Youtube! Summary - 5 Big Forex Trading Lessons On Trading Success #1: Being Clear On Your Goal When I started to trade, I had absolutely no idea of where I was heading. The only thing I cared about what to become profitable. However, what I didn't realized is that I could have speed up the process by defining a goal and identifying the actions needed to reach that goal. Most often, massive success in trading involves other activities such as reaching out to people, testing thing, collecting data, etc. Those can be done early to boost your growth as a trader. #2: Returns (%) Are Irrelevant Judging a trader by its returns is a poor way to go about it. I used to think that my job was to find the "best trading strategy for the best return". However, there are two simple things we can do in trading to increase returns (and or money) we make: Increase your trading capital Increase slightly your risk What truly matters isn't the return percentage per say. It's the consistency with whatever return you are getting. 1% per month can be easily boosted to 2% return per month, and eventually 8% per month. #3: Master-Focus Gets You Results Mastery in any discipline comes through mastering every part. Unfortunately, it's impossible (and counter-productive) to learn about all the parts at once. If you want to see success quicker in trading, you must master one part at a time. That might mean taking a course on what you need to learn most right now and putting all your energy on that. Then once you see results, you move to the next thing you need to master. If you're not sure what to work on today, you can ask yourself: "What is important for me to master now?" or "What do I struggle with the most at the moment?" #4: Awareness Is A MUST Awareness has multiple components in trading Your energy level If you trade on low energy, you make more mistakes. Self-image Whatever you see yourself as will eventually become true. Yourself What are you best at? What do you need to work on the most right now? If you become aware of yourself, you can decide which direction to go and what to focus on. #5: Keep The Routines Going At All Costs Routines in trading are powerful. I discovered (the hard way) however that routines easily fall apart once you start traveling while trading. A change in environment can be tough to remain consistent in your actions. That's why I now do my best to establish new routines - similar to the ones at home - as soon as I get to a new place. I make sure I have a process to get in the right state of mind, note down my trades, and review everything I trade. I'd love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!